Mitsubishi Mahindra Agricultural Machinery Co., Ltd. and Kubota Co., Ltd. in business collaboration for the Japanese Domestic Market

The Japanese subsidiary of Mahindra & Mahindra Limited ("M&M") Mitsubishi Mahindra Agricultural Machinery Co., Ltd., Japan and Kubota Co., Ltd., Japan announced today that the two companies have entered into a business collaboration arrangement.

Rajesh Jejurikar, Executive Director of Mahindra & Mahindra and Chairman Mitsubishi Mahindra Agricultural Machinery Co., Ltd. said "We are very pleased with the announcement of the business collaboration for the Japanese market which will include a broad range of collaborative efforts including but not limited to expanding the mutual OEM supply arrangements, joint utilization of IoT and other sophisticated technology solutions, and exploring opportunities for collaborating in product development for Japan".

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.795 as compared to the previous close of Rs. 800.95. The total number of shares traded during the day was 206705 in over 7363 trades.

The stock hit an intraday high of Rs. 807.5 and intraday low of 783.25. The net turnover during the day was Rs. 163786332.

Source : Equity Bulls

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